The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
Theresa May managed to survive a vote of no confidence initiated by Eurosceptic Conservative MPs on Wednesday night, with the prime minister protected from another coup for a year.
May managed to win the vote of no confidence by 200 to 117 votes, with her warning that if she were forced to step down and a new Conservative leader appointed it would put the country’s future at risk.
A divided Conservative party
Despite winning a vote of no confidence, May announced that she would not lead her party in the next general election scheduled for 2022, with attempted coup highlighting a major rift that has formed in the Conservative party.
After retaining her position, the prime minister was eager to get back to work on Brexit, urging the country to come together and for Westminster politicians to put the national interest first.
Brexit headache continues for May
On Thursday, the prime minister travels to Brussels hoping she can salvage her Brexit deal despite EU Commission President Jean-Claude Juncker saying that ‘there is no room whatsoever for renegotiation’.
Nevertheless, when May returns to Westminster she will need the support of the 117 Tory MPs that voted to kick her out of Downing Street on Wednesday if her revised Brexit deal stands any hope of succeeding when it finally is voted on in January.
.jpg)
